Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivered the 2015 Budget Debate Round-Up Speech on 5 March 2015. Click for the full speech and videos.
Click for the full Budget Statement, Budget in Brief,
Short Clips of Budget 2015 and full Speech Video.
This year’s Budget takes major steps in four areas: investing in skills of the future, restructuring our economy by promoting innovation and internationalisation, investing in economic and social infrastructure, and strengthening assurance in retirement and enhance support for middle-income families. Click here for more details.
SkillsFuture will create a new environment for lifelong learning by developing the skills and mastery needed to take our economy to the next level. More fundamentally, it will empower every Singaporean to chart their own journey in life and gain fulfilment at work and even in their senior years. Click here for more details.
Budget 2015 provides enhanced support for companies to innovate and internationalise, through strengthening grant support, capturing value from R&D, and catalysing financing for new ideas. Click here for more details.
We will increase CPF contributions during the working years, and increase the Extra Interest feature for smaller CPF balances for older Singaporeans. We will also introduce the Silver Support scheme to help Singaporeans with much less resources in their retirement years. Click here for more details.
We will enhance affordable, quality childcare, as well as further help families with education costs. We will also enhance tax deductions for donations, and encourage a culture of giving from young. In addition, Budget 2015 provides additional help for Singaporean households to help them with the cost of living. Click here for more details.
To strengthen revenues, we will include Temasek in the Net Investment Returns Framework. We will also raise the personal income tax rates of our top income earners. Click here for more details.
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivered the Budget 2015 Debate Round Up Speech in Parliament on 5 March 2015. His response to the issues raised by Members of Parliament centred around the following themes:
We expect government expenditure to increase over the medium to long term. We will take steps now to strengthen future revenues, and to put Singapore on a firm footing for the rest of the decade.
Budget 2015 provides a package of support for families with children. It also provides strong encouragement for the spirit of giving in the community.
We will strengthen assurance in retirement, complementing the Pioneer Generation Package and other social policy shifts in recent years. We will also enhance support for our middle-income families.
Strengthening our Support for Innovation and Internationalisation
With the new measures in SkillsFuture, we will be increasing our spending on continual education and training to over $1 Billion per year from now to 2020.
Building our Future, Strengthening Social Security
Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, will deliver the FY2015 Budget Statement in Parliament today, at 3.30pm. Watch the live webcast here. For more information, click here.
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The FY2015 Budget Statement will be delivered by Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, in Parliament on Monday, 23 February 2015.
What do you hope to see in Budget 2015? We welcome you to share your views and suggestions. To learn more about how you can do so, and to see what other Singaporeans are concerned about, click here.
All information on Budget 2015 will be available on this website. Do visit us often for the latest updates and news.
Last updated on 27 Feb 2015
Budget 2015: Round Up Speech
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